23 June 2014
Micronet Enertec Technologies, Inc. (NASDAQ: MICT) said its subsidiary, Enertec Systems 2001 Ltd, was awarded USD3m in cumulative follow-on orders for computer-based test, diagnosis and simulation systems to support the newest version of advanced missile defense systems.
These orders follow the initial USD2.6M order announced on November 12, 2013.
The purchase order is from a multi-billion Israeli-based defense contractor working in partnership with a major US contractor in the international marketing of a state of the art missile defense system. The USD3 follow on orders will be executed and delivered in fiscal years 2014 and 2015. Also, this customer has indicated that additional follow-on production orders are expected to be issued in 2016 and beyond.
MICT operates through three companies, Enertec Systems 2001 Ltd, Micronet Ltd, and Micronet Inc. The company´s products, solutions and services are designed to perform in severe environments and battlefield conditions. For more information visit: www.micronet-enertec.com,